GDXW vs. GOLI

Last updated Jul 17, 2026

GDXW (Roundhill Gold Miners Weeklypay ETF) and GOLI (Defiance Gold Enhanced Options Income ETF) are both exchange-traded funds - GDXW is a Gold fund actively managed by Roundhill, while GOLI is a Derivative Income fund actively managed by Defiance. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

GDXW vs. GOLI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Gold Miners Weeklypay ETF (GDXW) and Defiance Gold Enhanced Options Income ETF (GOLI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDXW achieves a -23.48% return, which is significantly lower than GOLI's -11.41% return.

GDXW

• 1D: -4.16%
• 1M: -21.57%
• 6M: -33.84%
• YTD: -23.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOLI

• 1D: -2.04%
• 1M: -6.39%
• 6M: -15.65%
• YTD: -11.41%
• 1Y: 1.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GDXW vs. GOLI - Yearly Performance Comparison

	2026 (YTD)	2025
GDXW Roundhill Gold Miners Weeklypay ETF	-23.48%	25.26%
GOLI Defiance Gold Enhanced Options Income ETF	-11.41%	7.28%

Correlation

The correlation between GDXW and GOLI is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025	0.75

Return for Risk

GDXW vs. GOLI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDXW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GOLI

GOLI Risk / Return Rank: 11
GOLI Sharpe Ratio Rank: 11
GOLI Sortino Ratio Rank: 10
GOLI Omega Ratio Rank: 11
GOLI Calmar Ratio Rank: 10
GOLI Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GDXW vs. GOLI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold Miners Weeklypay ETF (GDXW) and Defiance Gold Enhanced Options Income ETF (GOLI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GDXW	GOLI	Difference
Sharpe ratio: Return per unit of total volatility	—	0.07	—
Sortino ratio: Return per unit of downside risk	—	0.25	—
Omega ratio: Gain probability vs. loss probability	—	1.04	—
Calmar ratio: Return relative to maximum drawdown	—	0.06	—
Martin ratio: Return relative to average drawdown	—	0.19	—

Drawdowns

GDXW vs. GOLI - Drawdown Comparison

The maximum GDXW drawdown since its inception was -46.10%, which is greater than GOLI's maximum drawdown of -25.88%. Use the drawdown chart below to compare losses from any high point for GDXW and GOLI.

Drawdown Indicators

	GDXW	GOLI	Difference
Max Drawdown Largest peak-to-trough decline	-46.10%	-25.88%	-20.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.88%	—
Current Drawdown Current decline from peak	-46.10%	-21.22%	-24.88%
Average Drawdown Average peak-to-trough decline	-17.74%	-5.25%	-12.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.57%	—

Volatility

Volatility by Period

	GDXW	GOLI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	61.94%	25.12%	+36.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.94%	23.24%	+38.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.94%	23.24%	+38.70%

GDXW vs. GOLI - Expense Ratio Comparison

Both GDXW and GOLI have an expense ratio of 0.99%.

Dividends

GDXW vs. GOLI - Dividend Comparison

GDXW's dividend yield for the trailing twelve months is around 59.46%, more than GOLI's 52.98% yield.

Position	TTM	2025
GDXW Roundhill Gold Miners Weeklypay ETF	59.46%	7.48%
GOLI Defiance Gold Enhanced Options Income ETF	52.98%	37.38%

Frequently Asked Questions

Can I hold both GDXW and GOLI in my portfolio?

GDXW and GOLI have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GDXW or GOLI?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GDXW or GOLI?

GDXW and GOLI have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, GDXW or GOLI?

GDXW has the higher dividend yield at 59.46%, compared with 52.98% for GOLI.

What is the main difference between GDXW and GOLI?

GDXW is categorized as Gold, while GOLI is Derivative Income. They also come from different issuers: Roundhill and Defiance.